First and foremost the difference between investment and self- use must be clear, prior to putting money in any property in Patna. In self-use; while you pay for your own “emotions” and requirements; in an investment you pay for or put your money for returns in the best trend of the market, the mass. One additional feature for any investment in Patna is liquidity. In self –use you need not think about liquidity as you do not need to cash out in near future of 3 to 5 years but in an investment that is the objective. In Patna real estate, the investment can be in land (longer the term the better), for rental yields (commercial is better) and re-sale (for getting returns in 3 to 5 years).
We feel, especially in the residential segment in Patna property market, middle path is the best. Invest where the target audience is largest, larger re-sale as well as rental opportunities. No doubt in this regard 2 BHK flats in Patna score the best.
Patna middle class can afford 2 BHK the best. Patna property market has the highest buyer in the segment of 35 lakhs to 45 lakhs and size of around 1000 Sq ft. Larger number of buyers means higher demand and therefore better liquidity. People earning Rs. 50,000 to Rs. 75000 per month can afford to buy properties in Patna in such range through home loans too easily. Therefore there is a market for it.
Secondly, if you want to hold your investment for some reason then too the best rental yield in residential segment (read our article on rental yield to understand better) comes from 2 BHK flats in Patna.
The final advantage is the maintenance cost. The middle class in Patna does not look only for the maintenance it pays monthly to the society but also what the maid asks for the “Jhaadu- Pochha” seeing the size of the flat and many more such day to day things related to living in Patna.